Copyright Genesis Property
Solutions, LLC. All rights
reserved.

NOTE: GPS is not acting as a
real estate broker. All properties
shown on GPS Auctions are
listed by active real estate
agents legally doing business
under their state guidelines.
GPS, LLC offers this website
auction platform which functions
as a tool for buyer’s agents to
submit offers to the sellers and
their agents. This exciting option
provides a convenient new way
for agents to help their buyers
and sellers purchase real estate
online.
GPS AUCTIONS                                                                        GPS AUCTIONS help Buyers and Sellers navigate their way to Real Estate Success!
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GPS HELP CENTER
Welcome Sellers/Agents!
Please note: To place your
property for auction with GPS, you
must first Register with GPS
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once
new auctions are posted!

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COMPARE GPS
vs OTHER Auction Companies
Here's a chart that shows how GPS compares to other top Internet Auction Firms throughout the USA.
Like all of these firms, GPS can handle files Nationwide (except where state laws do not allow such
assistance). Following the chart is an EXAMPLE auction to compare prices for the different firms.

This benchmark was completed in December, 2007. The other firms were chosen based on their
self-professed success ratios in assisting clients, their nationwide network, their web presence, and GPS's
knowledge about them. For legal reasons, GPS is not able to list the names of the other firms, however if
you do a web search for real estate auctions and their area, you'll likely find them quite easily.

Please note that GPS has a high-level of respect for it's online auction counterparts and GPS
wants to see all ethical companies succeed in their attempts to help agents, buyers, and sellers
take advantage of the exciting new ways to invest and divest in real estate. GPS cannot help
every person in the USA who needs auction assistance - although we'd like to try! Competition in the
auction industry is good for everybody and GPS welcomes new entrants into the marketplace.

Whether you choose to work with GPS or another firm, our hope is that you find a solution that helps you
to meet your property goals. GPS or any of the firms on this list would likely relish the opportunity to assist
you! GOOD LUCK!
As you can see, ALL of these firms have something positive to offer you. ALL of these firms are very
successful at what they do, but ONLY GPS Auctions! has the opportunity to provide you with ALL of the
benefits noted on the chart above!

The choice is clear - GPS Auctions!
Category
GPS Auctions
Firm A
Southeast
Firm B
West
Firm C
Midwest
Firm D
Northeast
Agents:
Cost to Agents
NONE
$100 per 14-day
auction
None
None
None
Agents:
Listing Agents
Allowed?
YES
(Full commissions
allowed)
YES
(Full commissions
allowed)
No, this firm IS the
Listing Agent
(represents Sellers
only)
No, this firm IS the
Listing Agent
(represents Sellers
only)
No, this firm IS the
Listing Agent
(represents Sellers
only)
Agents:
Buyers Agent
Allowed?
YES
(Full commissions
allowed)
YES
(Full commissions
allowed)
Yes
(1% Commissions)
No
(no commissions
paid)
Yes
(2% Commissions)
Buyers:
Buyers Premium
LOW Flat Fee
click here to view
1-3% of winning bid
amount
5% of the winning
bid amount
1-3% of winning
bid amount
10% of the
winning bid
amount
Buyers:
Winning Bidder's
Amount of Deposit
Required
.5% (1/2 percent) of
the winning bid
amount + 50% of the
Buyer's Premium
5% (five percent) of
the winning bid
amount
5% of the total
purchase price
5% of the total
purchase price
10% of the total
purchase price
Sellers:
Marketing Fee
$99 per 30-day auction
(Fees reduced or
eliminate for Sellers
with multiple
properties!)
none
Privately negotiated
with Lender Sellers
Privately
negotiated with
Lender Sellers
Up to 10% of the
Starting Bid
Amount
Sellers:
Accepts both
private individuals
and institutional
sellers?
YES
Yes
No private sellers
allowed; only lender
foreclosed properties
available
Private Sellers Only
Private Sellers only
Which side does
the firm represent?
(Buyer or Seller)
Neutral 3rd party -
represents neither side;
unbiased
Neutral 3rd party -
represents neither
side; unbiased
Represents Seller's
Interests
Represents Seller's
Interests
Represents Seller's
Interests
Ability to make
payments online
for Buyers and
Sellers?
YES
No
No
No
No
Loss Mitigation
Division for
Pre-Foreclosures
and REO's?
YES
click here to visit
Yes
REO's only
Yes
REO's only
EXAMPLE
AUCTION
(Winning Bid
Amount
$300,000)
GPS Auctions
Firm A
Southeast
Firm B
Midwest
Firm C
West
Firm D
Northeast
Agents:
Costs
$0
$100
Listing Agents Not
accepted; No Cost to
Buyers Agent
Listing Agents Not
accepted; no cost to
Buyer's Agents
Listing Agents Not
accepted; no cost to
Buyer's Agent
Agents:
Commissions earned
Listing Agent: $9000
Buyers Agent: $9000
(assumes 6% Listing)
Listing Agent: $9000
Buyers Agent:
$9000
(assumes 6%
Listing)
Buyers Agent: $3000
(1%)
Firm = Listing Agent,
they keep other 5%
Listing Agent = firm,
they keep all 6%
($18000)
Buyers Agent: $6000
(2%)
Firm = Listing
Agent, they keep
other 4 %
Buyers:
Buyers Premium
$5000
$6000
(assumes 2%)
$15000
(This 5% is in
addition to the 5%
Real Estate
Commission the firm
also keeps)
$6,000
(assumes 2%. This is
in addition to the
Real Estate
Commission the firm
also keeps)
$30,000
(This 10% is in
addition to the 4%
Real Estate
Commission the firm
also keeps)
Buyers:
Deposits Required
$1500 Earnest
money Deposit
(.5%)
+
$2500 of the Buyers
Premium
=
$4000 total
$15000
(5% of winning bid
amount)
$16582
(5% of $315k)
$15,300
(5% of $306k)
$30,000
(10% of winning bid
amount)
Buyers:
Bid Price + Buyers
Premium +
Commissions
300,000 + 5000 +
18000 =
$323,000
300,000 + 6000 +
18000 =
$324,000
300,000 + 15,000 +
18,000 =
$333,000
300,000 + 6000 +
18000 =
$324,000
300,000 + 30,000 +
30,000 =
$360,000
Buyer:
Amount overpaid
by not using GPS
Auctions?
$0
$1000
$10,000
$1000
$37,000
Sellers:
Marketing Fee
$99 from Seller
100 from Agent
$1000
$1000
$1,000
Amount of Auction
Company Revenues
from this auction
$5099
$6100
$31,000
$25,000
$55,000
 
 
 
 
 
 
Let's look at a helpful EXAMPLE.
Assume the winning bid for this auction was $300,000.

BUYERS - Interested to know what the Buyer's Total cost would be? (Winning Bid + Buyers Premium +
Commissions, not counting closing costs)

AGENTS - want to see how much commission you would earn (if any)?

SELLERS - want to see what this auction would cost you?

ALL - want to see how much your auction company is making off the auction?

TAKE A LOOK BELOW...
Welcome Buyers/Agents!
To place a bid, you must first
Register with GPS

If you have already registered, you
can use the BID BOX Form on the
Property Auction page to place
your BID Offer or BUY NOW!